What is Zacks Research's Estimate for WaFd Q2 Earnings?

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities researchers at Zacks Research cut their Q2 2027 earnings estimates for WaFd in a research note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now expects that the bank will post earnings of $0.88 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for WaFd's current full-year earnings is $2.56 per share. Zacks Research also issued estimates for WaFd's Q3 2027 earnings at $0.87 EPS and FY2027 earnings at $3.49 EPS.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 EPS for the quarter, beating the consensus estimate of $0.67 by $0.06. WaFd had a net margin of 15.57% and a return on equity of 8.57%. The firm had revenue of $186.26 million for the quarter, compared to the consensus estimate of $184.47 million.

Several other research firms also recently commented on WAFD. Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. DA Davidson upped their price objective on shares of WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a report on Monday. Keefe, Bruyette & Woods upped their price objective on shares of WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday. Piper Sandler upped their price objective on shares of WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday. Finally, Stephens upped their price objective on shares of WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $32.25.

WaFd Stock Performance

Shares of NASDAQ:WAFD traded down $0.70 on Monday, hitting $29.53. The company had a trading volume of 514,967 shares, compared to its average volume of 536,226. WaFd has a 1-year low of $23.75 and a 1-year high of $38.62. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 11.23 and a beta of 0.84. The stock has a 50 day moving average price of $29.35 and a 200 day moving average price of $29.06. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71.

WaFd Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.27 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.66%. WaFd's dividend payout ratio (DPR) is presently 41.06%.

Hedge Funds Weigh In On WaFd

Several institutional investors and hedge funds have recently modified their holdings of WAFD. MetLife Investment Management LLC grew its stake in shares of WaFd by 1,576.8% in the first quarter. MetLife Investment Management LLC now owns 683,003 shares of the bank's stock valued at $19,520,000 after acquiring an additional 642,270 shares in the last quarter. Invesco Ltd. grew its stake in shares of WaFd by 124.3% in the first quarter. Invesco Ltd. now owns 1,107,097 shares of the bank's stock valued at $31,641,000 after acquiring an additional 613,596 shares in the last quarter. Rhino Investment Partners Inc grew its stake in shares of WaFd by 344.3% in the fourth quarter. Rhino Investment Partners Inc now owns 454,343 shares of the bank's stock valued at $14,648,000 after acquiring an additional 352,076 shares in the last quarter. Basswood Capital Management L.L.C. acquired a new position in shares of WaFd in the fourth quarter valued at about $9,210,000. Finally, JPMorgan Chase & Co. grew its stake in shares of WaFd by 152.9% in the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock valued at $15,143,000 after acquiring an additional 283,953 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

About WaFd

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.